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Adding the Recipient Address
You can add the address either as a QR code, by scanning from the recipient wallet with your smartphone, or typing/pasting the full alphanumeric string. If using the string, be very careful to copy all the letters and numbers. Most services offer a copy button to avoid mistakes. Inputting the Amount Input the amount, then…
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Bitcoin Balance
All currencies have different denominations. A Dollar breaks down to 100 cents, the same with Euro; Cryptocurrency is no different. Bitcoin was designed to break down to eight decimal places, and features four denominations: 1 BTC 1,000 mBTC (millibitcoin) 1,000,000 μBTC (microbitcoin) 100,000,000 Sats (Satoshis) How you’d like the App to display the balance is…
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Downloading your first crypto wallet
To download your Blockchain wallet use the button below which will take you to the Apple Store or Playstore. Once the App has successfully downloaded to your phone you’ll need to create an account. Creating An Account Though your Blockchain wallet is non-custodial and decentralised, you will still have an account for added security and…
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Setting up your first crypto wallet
A Mobile crypto wallet is nothing to be scared of. It is just an app that you download from the App Store or Play Store. There is a wide selection of wallets to choose from, and as with any other app that you are considering downloading, it is worth looking at the reviews with the…
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Sending & Receiving Crypto
What you’ll learn Setting up a mobile wallet Understand denominations Walk through send function Walk through receive function If you’ve read the previous article you’ll now be familiar with the basic concepts for safely storing cryptocurrency, and how a crypto wallet helps you do that. You’ll also understand some of things that differentiate wallet types…
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Getting Started
Though it may seem like there is a lot of information to digest around securing and storing your crypto, the most common route for beginners is as follows: Download a non-custodial mobile wallet, putting you in control Get comfortable with backing up your Seed Open a separate web wallet via an Exchange Move funds between…
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Hard Wallet
A hard wallet is a physical device that connects to a computer via USB and runs a software application within a Dashboard.. Hard wallets are non-custodial by default – you manage your private keys via a Seed. They provide the best security because most of the time they are offline, so cannot be hacked. If…
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Types of Soft Wallet
Mobile A mobile wallet is the direct crypto equivalent of an App. It allows you to manage your crypto on your smartphone. If you search the Apple Store or Google Play Store you’ll find a huge number listed, differing in their design and features, but the approach to custody is the key distinction (introduced above).…
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Introducing the crypto wallet
A crypto wallet is a device for storing, sending and receiving cryptocurrency. Let’s look at one. You’ll notice the wallet has some familiar features like a balance, currency symbols and the ability to Send/Receive funds via addresses – which we introduced earlier. They are long alphanumeric strings, but for convenience there is usually a copy/paste…
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Crypto
Access Tools The equivalent of your banking App or online account is a crypto wallet, that you can access on your laptop or smartphone. The different varieties are listed below. Access Credentials The credential that proves ownership of crypto funds associated with an address is called a Private Key, which can be stored in a wallet. It is…
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